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CBS
Dec 3, 2012 4:00am PST
. good morning. good to be with you. i'm terrell brown. negotiations continue today in washington to avoid the so-called fiscal cliff, but so far there's been more rhetoric than resolve. there's now less than a month to head off the automatic tax hikes and spending cuts that will kick in next year. john boehner said he can't believe the latest white house proposal. the obama administration insists there's no deal without a tax increase. susan mcginnis is in washington with details this morning. susan, good morning to you. >> reporter: good morning, terrell. it may appear the two sides are nowhere but these talks are expected to pick up dramatically very soon. december is here and as they say here in washington the lawmakers can smell the jet fumes meaning the planes taking them home for their holiday recess. what we're hearing there should be a deal by christmas. the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act america will ring in the new year wit
ABC
Dec 3, 2012 4:00am PST
in washington. stars honored at the kennedy center, with so many talking about that dress. the first lady looking all glammed up in gold. >>> good monday morning, everybody. taxes will go up for nearly every american in less than a month if there's no deal on that looming fiscal cliff. >> but even with that threat looming, lawmakers are still very far apart on their way to rein in government. there are differences on full display for all of us to see over the weekend. here's abc's tahman bradley. >> reporter: fiscal cliff talks have hit a stalemate. with only 29 days to go, republicans and democrats remain far apart. and over the weekend, there was worry negotiations may actually fail. >> i think we're going over the cliff. it's clear to me they made a political calculation. before president obama and his team are demanding that they allow bush era tax cuts for the wealthiest 2% of americans expire. >> there's no way we can govern this country with those low rates in place for future generations. those rates have to go up. >> reporter: but republicans have drawn a line in the s
PBS
Dec 2, 2012 6:00pm PST
>> "inside washington" is brought you in part by the american federation of government employees, proud to make america work. for more information about afge and membership, visit afge.org. >> production assistance for "inside washington" was provided by allbritton communications and politico, reporting on the legislative, executive, and political arena. >> my hope is to get this done before christmas. >> no substantive progress has been made in talks between the white house and the house. >> this week on "inside washington," heading towards the fiscal cliff. who is going to blink first? >> nobody can win everything. the republicans will have to give on revenue, democrats will have to give on entitlement reform. >> susan rice still in the bull's-eye. >> the concerns i have are greater today than before. >> lunch at the white house whitemitt. who will dare to break the no tax hike pledge? >> republicans who voted against the no tax hike pledged damage the brand for everyone else. captioned by the national captioning institute --www.ncicap.org-- >> thomas jefferson said the purpose
CBS
Dec 3, 2012 12:00pm PST
in syria after intelligence official in washington, d.c. reported movement of chemical weapons components in the country in recent days. syria will not confirm if it has chemical weapons. but it is adamant that if it does it would not use them on its people. meanwhile, violence near the airport in damascus forced the flights of egypt to turn back today and the u.n. announced a short time ago it's pulling out all its nonessential staff from the country amid security concerns. >>> an appeals court is hearing the case of former bart police officer who killed an unarmed man in 2009. officer johannes mehserle appealed his conviction in the death of oscar grant. grant was detained by bart police during an altercation was shot and killed. mehserle already served his two- year prison term for involuntary manslaughter but wants to clear his name. lawyers for grant's family will argue against overturning the conviction. >>> the high court delays a decision whether it will review the case of prop 8, california's ban on same-sex marriage. >> cbs 5 reporter cate caugiran spoke with legal ex
MSNBC
Dec 3, 2012 3:00pm PST
michelle cottle, washington correspondent for "newsweek "and "the daily beast" and ezra cline who is a policy analyst. thank you both for coming on the show tonight. >> thank you. >> thanks, rev. >> michelle, let me start with you. the president ran on raising taxes on the rich and he won on that premise. why didn't the gop get the message? >> oh, they got the message but this is high posturing season. they have to get in there and be as intransident as they possibly can. the president has said that he wants tax rates for the wealthy on the table. so they are just going to push this as far as they can. they are going to kick this can down the road again. >> now, ezra, you wrote today that speaker boehner's trying to call a mull lee began. what do you mean by that? >> i'm drawing on my very shallow message of golf. he wants a do-over here. so what speaker boehner's proposal is today, i give him some credit here, this is the most moderate proposal he's made in public by a long shot. he's taken the proposal that erskine bowles presented to the super committee as a compromise, now, it's no
SFGTV2
Dec 2, 2012 9:30pm PST
in washington but met chris 26 years ago at hastings law school, two blocks from here. we were in the same section in the same study group. when we finished law school we both went to the east coast to work for large law firms. over the years we stayed in close touch. when chris was back from over seas we were frequent tennis partners and would get together for dinners and other events in washington. over the years our families became friends as well. it's been such a pleasure to come to know them and chris's many friends in washington and to watch his career unfold. we met on the first day of school. i sat down in our civil procedure class next to a person who turned out to be named chris highland. shortly thereafter chris stevens sat down next to me. the three of us went to lunch afterwards and became friends from that day forward. chris never tried to be someone special but he was someone special. when we were at hastings his charm and wit were on display from the start. in class he was very articulate and seemed as later in life always very poised and well spoken and at ease.
MSNBC
Dec 3, 2012 2:00am PST
washington has wanted all along? >>> millions of americans are getting battered by a third severe storm with drenching rains, chevy snow and strong winds. details ahead. >>> and the stars were out last night for the kennedy center's honors. members of led zeppelin, david letterman, dustin hoffman and many others. we'll have that and much more coming up this monday morning on "first look." and a very good morning to you. i'm veronica de la cruz. one solution being heard more and more about solving the nation's financial showdown could be actually allowing the deadline to pass and letting america go over the fiscal cliff. that would allow tax rates to rise on everybody. then congress could come back after the new year and cut taxes on everyone but the wealthy. nbc's mike viqueira has the story. >> reporter: administration optimism for a deal. but only if republicans give in on raising rates for the wealthy. >> you think we'll get a deal by the end of the year? >> i do. the only thing that stands in the way of a deal right now is if a group of republican members decide they're going to block th
FOX Business
Dec 2, 2012 11:00pm EST
. >> of course santa delivers everywhere. i have been keeping my own money and nice list for washington. visiting towns like this. >> president obama got his wish rather than negotiing with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that ledenate republican leader to literally burst out laughing. >> the white house took thr weeks to respond with any kind of a proposal. much to my disappointment it was not a serious one. >> the president campaigns on $800 -- 800 billion in tax increases ending the bush tax cuts for the wealthy, but is now proposing. adding tax hikes on dividends and c
CBS
Dec 3, 2012 4:30am PST
washington, house speaker john boehner says republicans and democrats are at a stalemate again in negotiations to avoid the "fiscal cliff." susan mcginnis reports, key players took to the sunday talk shows to make their stances known. >>> reporter: the white house is already decorated for the holidays but the mood here in washington is anything but festive. >> i think we're going over the cliff. >> reporter: if congress doesn't act, america will ring in the new year with $110 billion in spending cuts and a $500 billion tax increase leaving the average household with a nearly $3,500 hangover. treasury secretary timothy geithner was here on capitol hill last week to present the president's plan to congress. >> i was flabbergasted. you can't be serious! >> reporter: president obama wants $1.6 trillion on the rich, $400 billion in cuts to entitlement programs and billions in more spending. >> reporter: mitch mcconnell laughed at geithner during their meeting last week. now geithner says if republicans don't like the plan, it's up to them to present their own ideas. >> what we can't do
CW
Dec 2, 2012 10:00pm PST
despite harsh words. >> with the clock ticking in washington and the fiscal cliff looming, he says the white house will only agree to a plan that including higher tax rates. >> if they are going me -- to force higher rates on all americans because their tax rates go up on 2% of americans, that's a choice we'll have to make. >> one1.6 trillion in tax revenue, cuts to medicare. he insists the bush era tax cuts must expire. >> what we did is put forward a very comprehensive, mix of savings and tax reforms that help us put us back on a path to stabilizing our death and living within our means. >> rebel cans did not welcome -- republicans did not welcome the proposal. >> i think it's essentially a rerun of his revenue proposals. they are 1.6 trillion in revenues and tax increases. >> and they're expressing frustration with the lack of progress. >> i would say we're nowhere. he's pointing out the administration did offer six hundred billion in cuts to healthcare. he remains optimistic a deal will be made. i'm elizabeth reporting. >> the u.s. supreme court could announce tomorrow whether
CBS
Dec 2, 2012 6:00pm PST
just 30 days away. but judging by today's talk in washington democrats and republicans are hardly any closer to finding a solution. here's anna werner. >> reporter: a week closer to the december 31st deadline, treasury secretary timothy geithner told bob schieffer any potential deal will have to include a tax hike on the upper 2% of income earners. >> there is no way to raise a meaningful amount of revenue relative to the size of our fiscal challenge by just limiting the value of deductions for the wealthiest americans. >> reporter: he said the biggest obstacle is republicans who refuse to acknowledge that fact. >> there's nothing that stands in the way of that agreement. except for the potential risk that a group of republicans decide, they hold up an agreement because they want to extend tax cuts for the wealthiest that we can't afford. >> reporter: on fox news 2 sunday speaker john boehner was not optimistic. >> i would say we're nowhere. period. we're nowhere. >> reporter: earlier this week house gop members rejected a proposal from the white house that included tax hikes, spe
CNBC
Dec 2, 2012 7:30pm EST
opinions. and why what happens in washington may not matter that much. >>> and decisions, decisions at year-end tax time. we'll have important advice. >>> and he went from living on the street to living in the lap of luxury. john paul dejoria's remarkable ride. you went from homeless to a billionaire. the "wall street journal report" begins right now. >> here's a look at what is making news as we head to a new week on wall street. in washington, posturing politics and high-stakes poker with america's economy at stake. president obama's initial offer on the fiscal cliff was resoundingly rejected by republicans. it included a $1.6 trillion tax increase, double what he campaigned on. also included $400 billion in entitlement cuts eliminating the need for congressional approval to a raise the debt ceiling. the markets rebounded later in the week following the latest hopes on a fiscal cliff agreement. america's economy grew at a faster pace than initially expected in the third quarter of the year. the second reading of the gross domestic product showed it at rate of 2.7% spurred by stron
CSPAN
Dec 3, 2012 5:00pm EST
comfort in washington around 3% of gdp. getting there is a big challenge. there are problems with medicare and social security. they are facing big deficit situations. host: what motivates the creation of deductions? what about the other incentives? mortgage deduction it to encourage people to buy a home. guest: some of the deductions have been around forever, since the invention of the income tax. there has always been a deduction for interest that you paid. the government didn't think it could distinguish between mortgage interest and other kinds of interest. less interest is deductible now. some of the things are left over from the early days of the tax code. there is no magic about allowing people to deduct mortgage interest and not the interest they pay on their credit cards. some of these things are hard to explain. host: does it incentivize home buying? guest: it does provide some if incentive for buying a home and is a large tax break and gives them an enormous benefits. it mostly provides an incentive for buying a bigger house. it seems to incentivize mcmansions. there is
MSNBC
Dec 2, 2012 11:00pm PST
washington? >>> president obama presses the case for tax hikes on the rich, and the tax cut extension for the middle class, now. >> if congress does nothing, every family in america will see their taxes automatically go up at the beginning of next year. >> but republicans aren't budging, accusing the president of avoiding tough choices on spending and wasting time in the effort to avoid the fiscal cliff. >> it's not a serious proposal. and so right now, we're almost nowhere. >> will there be a deal by the end of the year? and what are the consequences for the economy if there isn't one? we'll ask the president's lead budget negotiator, treasury secretary tim geithner. >>> then the view from capitol hill. are democrats as divided over cutting medicare as republicans are over tax increases? with us, two voices calling for compromise. republican senator bob corker of tennessee and democratic senator claire mccaskill of missouri. >>> finally, our special economic roundtable. as both sides battle over the nation's fiscal health, what can we expect from the economy in a second obama term? w
FOX Business
Dec 2, 2012 10:00pm EST
in washington or with congress or the senate. here is what he had to say. >> it is not acceptable to me, and i do not think it is acceptable to you for a handful of republicans in congress will middle-class tax cuts hostage simply because they don't want tax rates on pper income folks go up. gerri: it sounds like the same old, same old. the president has been making the same comments agai is this any way to sell a plan? >> there really is not. the president is not being serious about this. the fact that the president is out there campaigning on this rather than negotiating, it means that those that are negotiating, such as secretary geithner, they probably don't feel bound by what the president is saying. this is the first gammons and certainly not a serious offer. >> mitch mcconnell laughed out loud on camera at the plant. what do you make of that? >> he had every reason to. let's look at this plan for what it is. a massive tax hike. instead of offering tax hikes, which is something that republicans have been mandated, he wants more spending and he's not giving us any entitlement sa
FOX Business
Dec 3, 2012 3:00pm EST
going to start with breaking news from washington, d.c. leaders from both sides trying to reach a deal. reach edson with the very latest. rich: $800 billion in revenue increases through a tax overhaul. republicans are still opposed to any tax rate increases in this plan. in a show bipartisanship, republicans say they have co-opt these details from a plant bernsen bowls offered last year. in this letter to the president, republican leaders right this is by no means an adequate long-term solution. it will require fundamental entitlement reform. indeed, though both plant is the exact type of imperfect, but fair one without hurting our economy and creating jobs. today, the white house has demanded an offer from republicans. they now have one. back to you. llri: rich edson, and he thinks. the market is taking a breather today. dupont and 3m are the biggest draggers on the dow. early stocks rising out of the gate out of some good news out of china over the night. hitting a seven month high, but then the u.s. isf number hit at 10:00 a.m. eastern and a wave of selling. manufacturing activ
FOX Business
Dec 3, 2012 11:00am EST
. people are cynical, and with justification, lori. what's going on in washington, they can't make sense of it. >> do you think it's change at all? -ust a fever pitch with the cliff coming up? >> it's getting worse. it used to be there were big people in the senate and house who wanted to do the public good. right now, at the process, neither side is committed to it. >> what's next then? it was interesting this weekend to hear, for example, john boehner on with chris l wallace on fox news saying we're nowhere. shouldn't they counter with the president even if they think it's a ridiculous offer? >> if i'm advising the republicans, which i'm not, i'd over a republican plan that's progrowth, pro job creation, get rid of grover, and say this is what we're for, mr. president. here's the plan. i would say let's bargain in good faith. >> the sunday talk shows, geithner saying republicans need to deal with it, and others it's a stalemate. do you think that's for show though? it seems like the deals in washington, at this time of the year happen at the 11th hour, last three years especially for t
CNBC
Dec 3, 2012 6:00pm EST
talking, but they appear to be talking past each other. the clock is ticking in washington. ticking against a dealing. i think the two sides seem to hate each other more than ever. i don't now, it seems like the last 72 hours i was hoping it was going to get better and it seems like it got worse. i spent a ton of time this weekend hanging with old college chum, grover norquist. he's as certain as ever that republicans who have impure thoughts about violating his no new tax pledge will be targeted at the primary level by tea party members. i'm taking this masterful behind-the-scenes player at his word that he controls almost all the republicans. because almost all of them signed his oath. so a deal could be tough. plus i'm now calling for no vacation without legislation. no vacation without legislation. because the holidays are slated to begin in a couple of weeks. which doesn't give enough time to get the job done. so you have one side that ins t insisting on tax increases, and then you have the other side which has pledged no tax increases which assure those deal can occur. after a
CNN
Dec 3, 2012 9:00am PST
, still very much in israel's corner, although washington itself has also in the past condemned the settlement buildings as being detrimental to the peace process as well. >> britain's foreign office find it deplorable. it's not just that one spot we were talking about there. east jerusalem, palestinians have said that there has been an incremental takeover in many ways of east jerusalem. there is a report today that settlers have moved into a building in a palestinian neighborhood. today what are you hearing about that? >> well, that's what we're hearing as well that there was a house in east jerusalem, that palestinian settlers just moved into it. that has been a huge problem in the past. not just the fact that settlers were taking over these houses. some of them, of course, with deed that is they claim to have from the past. it's a very big issue of palestinian houses being taken over by israeli settlers there in the east of jerusalem, but also, of course, house demolitions in east jerusalem, settlement construction in east jerusalem. of course, one of the things that is also on
CNBC
Dec 3, 2012 4:00am EST
struggle to break higher and definitely to break lieuthrough 1.31. >> adam, you're in washington. how do you view fiscal cliff discussions? >> i was pretty optimistic until about three days ago. my sense was republicans had lost enough ground, they wanted to get a new deal before they got weaker. they admitted that there has to be some revenue. meanwhile the obama team led by secretary geithner are comfortable with at least 2:1 what they would call entitlement cuts. so there was a lot of ground for a deal. unfortunately, i think the threats from some democratic leaders that maybe it's okay to go over the fiscal cliff, i'm worried some actually believe that and that's one thing that scares me. i think there's a deal on the table, get a few years deal, it's only if -- obviously the republican caucus could do something stupid, but owes otherwise my main word is the dems decide they want to play for a long term deal that it all has to be resolved right now and it's worth the risk and i don't think it's worth the risk. >> adam, always good to see you. thank you very much indeed. we mo
CBS
Dec 2, 2012 5:30pm PST
. >> reporter: with the clock ticking in washington and the fiscal cliff moving closer every day, tim geithner said they will only approve a plan with tax rates. >> if they are going to force higher rates on virtually all americans, because they are unwilling to let tax rates go up on 2% of americans, then that's the choice they're going to have to make. >> reporter: geithner presented his plan to republicans, calling for $1.6 trillion in revenue and cuts in stimulus spending. he suggested the bush era tax cuts must expire for the wealthiest americans. >> we put forward a very comprehensive, carefully designed mix of savings and tax reforms to help us put us back on a path to stabilizing our debt and living within our means. >> reporter: republicans did not welcome the proposal. >> i was disappointed by the president's proposal. i think it is a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. >> reporter: and many are expressing frustration with the lack of progress. >> i would say we are nowhere, period. we are nowhere. >> reporter: geithner
Comedy Central
Dec 3, 2012 10:30am PST
over i hope we'll finally see bipartisan compromise in washington. and i siner is vie mean that i said it. (laughter) sadly, the power-mad democrats decided that just because people voted for them, they're in power. and they're already trampling our freedoms. >> reporter: democrats are proving yet again they will do anything to push through their liberal agenda. now they have gone a step too far. senate democrats with harry reid leading the charge want to drastically change the filibuster in order to limit the republicans' ability to oppose certain legislation. >> stephen: yes, harry reid is trying to stop republicans from blocking certain legislation. for instance, any legislation. he's chipping away at the sacred senatorial institution known as the filibuster which allows the minority party to prevent a bill from coming to a vote simply by speaking non-stop on the senate floor. for instance, by reading the phone book. that's how, in 1974, the d.c. metro area yellow pages were signed into law. (laughter) the courts have since repeatedly upheld that clay's audio has the most far out se
CNN
Dec 3, 2012 2:00am PST
watching fiscal cliff negotiations in washington all week long. >>> ford is issuing recalls for two of its newest and biggest-selling models. the 2013 escape crossover and the 2013 fusion sedan. ford is urging owners to contact their dealers as soon as possible because the eco boost engines can overheat and catch on fire. the recall effects nearly 90,000 vehicles. >>> autism, bing eating, mod disorders and hoarding are being changed in the bible of psychiatry. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. chances are, you're not made of money, so don't overpay for motorcycle insurance. geico, see how much you could save. make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing,
MSNBC
Dec 3, 2012 9:00am PST
can tell you, this is not surprising. luke is not sitting there in washington going, gee, i wonder when they're going to get a deal done. he knows how this is going to play out. >> yes. >> i have to ask you, because there's so much sort of feigned shock that the president is playing quote/unquote hard ball here. i'll read a quote from "the washington post" -- he says why was anyone surprised obama's initial offer to the republicans was a compendium of what he preferred. we became accustomed to obama's -- are republicans on the hill factually surprised or is this sort of feigned outrage to make the president look unreasonable? >> no. i think there is an actual surprise last week when tim geithner came to capitol hill and gave a plan that included, amongst other things, billions in more stimulus as well as the ability for the president to set the debt limit himself without review by legislative body. those are two big things that send shivers up the spine of house republicans that they would never in a million years agree to. so we heard about this type of deal a few weeks ago and th
Current
Dec 3, 2012 3:00am PST
progressive morning show the only progressive morning show anywhere on cable television. here in washington, d.c., big night at the concernedkennedy center last year as the kennedy eye wards were awarded to dustin hoffman and talk show host david letterman. there was one sole protester out in front of the kennedy center jay leno. he had a big sign saying what about me? why dave? what about me? we will tell you more about the kennedy center honors and a lot more. let's get the latest. today's current day's update lease a ferguson standing buy in los angeles. hey, good monday morning, lease a. >> hey, bill. good morning, everyone. happy monday. hope y'all had a good weekend. the president gets to take a little bit of a break from the fiscal cliff today. he got that around 11 eastern last night after hosting reception for the ken see center awardees. it celebrates talent in art and music. the recipients included david letterman, dustin hoffman and the surviving members of led zeppelin. the president is the addressing defense issues nationally and globally. he told boyko borisov, they talk plan
FOX
Dec 3, 2012 5:00am PST
this morning. alison burns is in our washington, d.c. newsroom with what is at stake and when we could hear from the court. >> reporter: pam within the next few hours we expect to get word from the u.s. supreme court about more of the cases it will consider this term. the justices met friday to talk about a number of challenges to gay marriage laws. among them california's ban on same sex marriage proposition 8. supporters of same sex marriage are hoping the court will decide not to review prop 8. that would mean the lower court ruling would take hold legalizing same sex marriage in california. san francisco city officials tell us they are ready to perform marriages as soon as tomorrow. >> we will be ready with volunteers that we already have in place and volunteers who are being trained today. we'll have a one-stop shop for anyone who wants to get married. >> reporter: and we are waiting for word from the court. we'll bring it for you here on channel 2. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> last night president obama congratulates zone people honor
FOX News
Dec 3, 2012 3:00pm PST
that iran would consider dialogue with washington. the communist nation will attempt to send up a satellite between december 10-22. egypt constitutional crisis will go on for a few more weeks. steve harrigan has the latest. >> they're afraid to do their job. the court surrounded by several thousands chanting protesters sunday morning and the judges refused to enter the building, citing fiscal and psychological intimidation from the crowd. egypt interior ministry said police made the entrance secure. demonstrators say they were backing the president. >> you are here to support the decision of president mohammed morsi. we haven't stopped anyone from entering and we haven't destroyed anything. we're here to protest. that is our constitutional right. >> what is or is not constitutional in egypt these days is in flux. it's set to be voted nonnational referendum on december 15. until then, both sides marshall the forces. demonstrating the support on the street. the number of protesters declineed. to just a few thousand tonight. the government strategy of the nonconfrontation with oppone
MSNBC
Dec 3, 2012 7:00am PST
proposal. let me bring in "the washington post" columnist and our politics reporter. good morning. so the headline in the "new york times" is pushing the gop to negotiate, obama ends giving in. and peter baker writes that president obama has emerged kind of a different style of negotiator in the past week or two, sticking to the liberal line, frustrating the republicans clearly. this is a strategy his base might like but i'm wondering will it make him a better deal maker? >> it just may mean that republicans ultimately give him close to what he wants on raising tax rates on the top 2%. president obama has been very clear, he was all the way through the campaign that he would not give in on that. so that's i think what's important now. republicans don't like a lot of what was in the white house's opening offer. they dictate the $50 billion stimulus that was in the offer as a slap in the face. some of these little things we'll see taken out of file deal. >> to that point here's john boehner talking about when he saw that opening offer. >> i was flabbergasted. i looked at him and said you ca
PBS
Dec 3, 2012 3:00pm PST
catastrophe everyone is warning about is to be avoided. >> if they got to agreement the way washington is too quickly, their own side would just kill 'em because they wouldn't think they had negotiated hard enough. you know, they've got to go through this exchange. this is no different than when, you know, you list your house, you know, you put up one price, somebody comes in with a lower price, you kind of reach a middle ground. the thing i'm sure of is that we got to end up with at least $4 trillion of deficit reduction. some of that's got to come from revenues. i guarantee you the white house isn't going to do a deal unless it has an increase in tax rates for part of that revenue. i'm assuming that the republicans are going to insist that there be more cuts on the health care entitlements than what's been put on the table to date. >> ifill: here's the difference between what we're seeing now and what happens when i put my house on the market. at the end of this year there will be consequences. it's unclear... in the past when these consequences or these deadlines have arisen they've ju
FOX News
Dec 3, 2012 1:00pm PST
saw that, cuomo is coming to washington, and you showed the capitol you should have dollar bills coming out of the window because when the governors come to washington they want money with their palms up. that is what governor cuomo wants. he wants the federal government to write a big check to the state. we found with katrina, of the $140 billion, according to independent government auditors, there was rampant corruption and fraud and no bid contracts that went to cronies and we estimate that somewhere between 20 percent to 25 percent to 30 percent of the money was wasted on fraudulent contracts. it didn't helps victims. a lot of people got rich but it wasn't the people who lost their homes. >>neil: you can see money for a variety of purposes, the money coming in, helping the victims, helping sandy victims now, but it goes through a variety of nefarious purposes and could fill a hole in the budget. where is the backup to look at making sure this money is going for the pups to which it is intended? >>guest: this is the frustration as a taxpayer watch dog. going back to katrina we
MSNBC
Dec 3, 2012 3:00am PST
washington. barnicle did it. and you can tell. >> he was a good guy. >> and john adams, barnicle wrote a couple columns about him back in the day. >> and his son. i knew his son when his son was in day care. >> john w. adams. yeah. but i think it's his renaissance question. and then i think also he representeds the best of us and the worst of us. and i think people, when we're being honest with ourselves, we all know we have our hypocrisies, and we have our contradictions. and the fact that someone who had such evident contradictions is still worth paying attention to i think resonates. >> and there's some contention over the weekend about how great a man thomas jefferson is. we're going to talk about that a little bit later. >>> but we've got big news this morning. four weeks from today is new year's eve when the fiscal cliff comes. lawmakers now have less than a month to compromise and to avoid a year-end deadline that would trigger massive spending cuts and tax hikes for just about everybody. behind-the-scenes negotiations at a stalemate. both sides went public yesterday on th
Current
Dec 3, 2012 6:00am PST
washington, d.c. tickets are available at ticketmaster.com and if you want to skip the fees, stop by the warner theatre box office at 513 13th street northwest. the tea baggers lost in november so stephanie is going to do her thing before the inaugural ball. >> that means two things. >> that's the stephanie miller's sexy liberal comedy tour live in d.c. inauguration weekend. for more information, go to sexyliberal.com. >> nice! >> stephanie: thank you! [ applause ] what else do i do? every weekend. watch "meet the press" -- >> drink? >> stephanie: well yes and then watch "meet the press" so my head can explode. plosion they start with some ridiculous premise. people from cnbc like grover norquist is the guest you know will start with a premise that is not favorable to the president on the fiscal cliff. >> they take grover norquist seriously. seriously enough to have him on the panel. >> stephanie: who is he again and why? why does he literally -- >> i have a pledge. i got a pledge! >> stephanie: he was all threateny. if you thought -- >> i've got pictures of people doing naughty things.
CNBC
Dec 3, 2012 4:00pm EST
. another reason why the folks in washington should keep on talking. >> really interesting stuff. so, while we have you, robert, let's talk about what we learned on oracle, announcing plans to pay out second quarter, third quarter and fourth quarter dividends this month. what is ceo larry ellison's cut on this? is it $199 million as reported a minute ago? >> it sounds like it's around $200 million. you had that great interview with him where he's talking about his dream of buying the lakers. this might help him do that. $200 million. his tax savings alone on this, if dividends are now at 15% and they go up to over 43%, his tax savings alone, just by doing it this year, over $60 million just on the tax savings. this does make sense for those really big shareholders like larry ellison. >> you know, he's the ceo of the company. so, you know, we could look at him and say, okay, well, he's saving all this money but the savings ripple through, right? >> absolutely. >> if you're a shareholder you're saving a huge amount of money, particularly if the dividend goes to 44%. >> absolutely. his
MSNBC
Dec 3, 2012 10:00am PST
action if that eventuality were to occur. >> and while washington buzzes over this video tribute to clinton, some are asking is it a farewell to the secretary or prelude to 2016? honoring the icons. politics meets hollywood. a tribute to the arts. president obama finds a way to salute an eclectic group of honor honorees. >> we've got my guy sitting next to dustin hoffman. dave letterman alongside one of the greatest ballerinas of all time. i couldn't think dave dances. there's no smooth transition from ballerina to led skep lin. they redefine the rock and roll lifestyle. we do not have video of this. there was some hotel rooms trashed and mayhem all around. so it's fitting that we're doing this in a room with windows about three inches thick. >> and oh baby, the palace makes it official, there was a reason she's been toasting with water, not wine. the duke and duchess are expecting. happy days. >> good day. i'm andrea mitchell live in washington. a new week brings new opportunities for grid lock as speaker boehner -- joining me chris cizilla and managing editor of post politics.com
CBS
Dec 3, 2012 2:00am PST
: apparently, just amazing. >> schieffer: maya, you have been one of the go-to people in washington on this, in terms of crunching numbers and figuring out the impact of these proposals. you talk to us and help us understand it. tell us a little about this organization, your organization "campaign to fix the debt." what exactly are you trying to do? >> well, the campaign to fix the debt was really born out of some of the issues surrounding issues of the debt ceiling. people around the country became painfully aware the divisions in washington are may be so large we will harm our economy and harm our problem as they fail to solve problems and work these things out. over the past year, we have been joined by 300,000 saturdays, 100 of the leading ceoas, and small businesses who have said we need fix the debt, that we know. but we wanted to create a different kind of campaign where we come to washington, and while you have so many folks on side saying, "don't touch this. don't touch this. take this off the table." suddenly you're left with nothing on the table to fick the problem. we wanted to
ABC
Dec 2, 2012 5:30pm PST
evening. this is a storm that slammed the west coast from washington down to the san francisco bay. just take a look at this. the beautiful napa valley tonight has vineyards under water. it was a one, two, three punch. three storms in less than one week plowing down on the west coast, the latest today dropping up to an inch of rain an hour in some spots. in reno, nevada, wind gusts reported to hit 95 miles an hour. nearly 100,000 people without power. homes flooded, roofs smashed and cars under water. rig toppled over. and temporarily closing this bridge, a crucial artery across the san francisco bay. >> be prepared. >> reporter: across northern california, swollen rivers threaten to flood cities like napa where sandbags are passed out and countless trees came crashing down. we saw this one fall before our eyes. how close did it come to you? >> within feet of my truck. >> reporter: we were driving down this highway in napa and this tree came crashing down in front of us. i want to show you how huge this tree is. take a look. a giant tree. i mean, the roots of this thing are four fe
FOX
Dec 3, 2012 7:00am PST
this. back to you. >> thank you. now, our washington, d.c. newsroom is also following this. coming up at 7:15, we'll have more analysis of what this morning's developments could mean for same-sex marriage in california. >>> 7:06. we want to check in with tara, in for sal. it's pretty slow, tara? >> yes. but it does get better in partly sunniton -- get better in pleasanton. it's really slow on the curve there. westbound as you make your way towards concord, your commute looking a little slow. up next, we have a look at the bay bridge toll plaza. you can see it's a parking lot right now. the metering lights have been on for about an hour. definitely slow into san francisco this morning. give yourself extra time. finally, in the south bay, 208 at the 880 interchange, you can see the head lites are 280 northbound, stop and go over the past 15 minutes. here's steve. >> thank you, tara. >>> a very good colder morning. 38, 39. a little bit of a break today. much colder pattern. not only that, but some incredible rain totals. don't want to forget fog popping up on highway 37. some really thic
CSPAN
Dec 3, 2012 5:00pm EST
trillion in revenue from the wealthiest. we were very explicit about this here in washington as we were engaged with congress and probably to that year, those proposals included -- we have talked about capping deductions. >> he did and he was certainly reporting this. it is something that is for the top 2%. something he had been explicit about for more than a year now since september 2011. >> [inaudible question] >> i would say one of the reasons is that we need to continue to grow the economy. and he has always believed that deficit reduction is our goal on the side. we need to achieve that in a way that does throw this backward and the reason that people are so concerned about the fiscal cliff prospect is the commendation of tax increases and spending cuts across the board and how they would have negative impacts. so we need to do it in a smart way. even as we find savings, we need to make targeted investments and we need to do things that help our economy and the long-term. >> [inaudible question] >> it is not specifically designed for that. it is the president's broader approac
CNN
Dec 3, 2012 6:00am PST
years. we have a much bigger hole than i think anyone in washington is willing to agree is such a problem. >> lrepublicans are angry the president laid out this plan that they say he knew would just inflame them. >> that's true. >> why toedon't republicans act like big boys and girls and present their own plan about how they specifically want to cut entitlements? isn't that how you negotiate? >> yes, but, of course, they've done that. that's the most curious thing to me. tim geithner said the republicans should come forward with a plan. you know this. over the last two or three years in the house of representatives controlled by republicans, they have passed what's called the ryan budget for three years in a row. it has very substantial entitlement cuts. you've reported on this on cnn. in fact, all the left wing groups had all these ads saying the republicans want to throw granny over the cliff. so it's pretty clear. republicans have been very specific about how they want to reform entitlements. the problem is there's no plan by the president. he's been in office for four years an
ABC
Dec 3, 2012 5:00am PST
of the year deadline. tahman bradley has latest from washington. >> reporter: fiscal cliff talks have hit a stalemate only 29 days to go, republicans and democrats remain far apart over the weekend there was worry negotiations might fail. >> i think we are going over the cliff, it is clear they've made a political calculation. >> reporter: president obama and his team are demanding that congress allow bush era tax cuts to expire. >> there is no responsible way we can govern this country with those low rates in place for future generations those rates have to go up. >> reporter: republicans have drawn a line in the sand on raising tax rates signaling they are open to raising revenue by reforming the tax code and limiting reductions for the wealthy. >> right now i would say we are nowhere. >> reporter: president obama asking for 1.6 trillion in new tax revenue over 10 years, boehner is offering half that. the president offering 600 billion dollars in cuts to medicare and other programs. the speaker says that is not enough. he hasn't outlined what he thinks should be cut. if they ca
CNBC
Dec 3, 2012 2:00pm EST
we've seen of late absent a stupidity mistake out of washington is likely to hold for the foreseeable future. >> a prediction for 2013 from you as well, gina, perhaps the one kwe can steal. >> we think we're more tempered. we think it is probably 1.6% growth but we'd agree there will probably and positive bias in the first half of the year and probably a more negative bias during the second half of the year. >> 1.6% growth, gina, stinks! that's not even growth. it's not even keeping up with inflation. that's negative real growth. >> i didn't say we were optimistic about growth. i just said there might be some support in the market. >> that's going to be an interesting back half of the year. >> when you say positivity for the market, give us some levels, if you can. how much we're going to be up next year, if that's the case. >> well, we think that earnings right now earnings are priced in forward earnings at 115. there's no way that we're going to hit that. that's one of the reasons that we think we're negative in the second half of the year. we're right now going toward between betwe
CNBC
Dec 3, 2012 1:00pm EST
. >>> to washington now where with only 28 days until america goes over the fiscal cliff, if you listen to the rhetoric, the politicians have a lot to learn about rising above. both sides pinning the need to blink on the other. it is the "you go first" kind of debate. our chief washington correspondent john harwood is here with the very latest on the negotiations, such as there are negotiations, job. >> reporter: tyler, people say it is sometimes darkest just before the dawn -- unless it is just before it goes pitch black. it is sometimes hard to tell the difference between a process that's proceeding behind the scenes and one that really is what you see is what you get. i just stepped out of jay carney's white house briefing. he was drawing again a hard line on raising tax rates for people at the top which republicans are resisting. if you want the sunday talk shows, as we show in this little montage here, you could easily come to the conclusion that this thing is stuck. >> only thing standing in the way of that would be refusal by republicans to accept that rates are going to have to go
PBS
Dec 2, 2012 6:30pm PST
than from washington, d.c. so they started putting their money in places like raleigh, north carolina, nashville, tennessee, phoenix, arizona, and madison, wisconsin. that's because what happens in our state legislatures directly affects our taxes, schools, roads, the quality of our air and water, even our right to vote. politicians and lobbyists at the core of this clever enterprise figured out how to pull it off in an organized, camouflaged way, covering their tracks while they put one over on an unsuspecting public. this is the story of how and why it worked. our report was many months in the making. it's a collaboration between tom casciato and kathleen hughes, the filmmakers at okapi productions, and the schumann media center that i head. schumann supports independent journalism and public watchdog groups like the center for media and democracy, whose investigators have been tracking the footprints of alec, an organization hiding in plain sight, yet one of the most influential and powerful in american politics. ♪ ♪ >> i've often told people that i talk to out on the campaign
CNBC
Dec 3, 2012 3:00pm EST
washington. now this offer being extended from the republicans. you can assume that the white house will not think this is enough tax revenue to go forward, but, of course, offers are being exchanged here so that's a sign negotiations are under way, guys. >> let's get into the details here. $600 billion in health savings. what does that mean for medicare? break it down in terms of where these savings come from. >> i wish i could. what we don't have here is a lot of detail hanging off this christmas tree at this point. we're looking at a couple of bullet points being released now in terms of the scale of the deal. it gives us overall broad numbers. presumably negotiators would have to go in and fill in details of how they're get that kind of savings. there have been a lot of proposals on health of finding billions of dollars of savings by reducing overhead and other things like that. you've seen the unions come out and say they don't want to see any changes at all that would hurt payoffs to beneficiaries in terms of health care. that would be one of the sticking points between republicans
FOX News
Dec 3, 2012 2:00pm PST
washington. big story here, stern warning from president obama, to syria leaders. they confirm to fox that syria is moving chemical weapons and maybe mixing those chemical weapons. the president said tonight the u.s. -- the use of any of the weapons would be a tragic mistake and trigger unspecified consequences. we'll talk about that with the all-star panel. also tonight, the white house rejecting a republican counter offer that president obama initial plan to get the country off the fiscal cliff. we have details of what house speaker john boehner calls a bold offer. what if we jump off the cliff? we talk about the budget cliff with the ranking member vis van hollen. egypt constitutional crisis goes on. judges from the highest court say they are afraid to do the jobs. "special report" from washington with breaking news from the middle east starts at 6:00 eastern. now back to new york and my colleagues with "the five." ♪ ♪ >> greg: last week, i went on a tour to promote my book "the joy of hate" which took me from florida, to alabama, and georgia. to tennessee. some call this the s
CNN
Dec 3, 2012 1:00pm PST
. these are live pictures from the national defense university right here in washington, d.c. we'll go there live. [ male announcer ] red lobster's crabfest ends soon. hurry in and try five succulent entrees, like our tender snow crab paired with savory garlic shrimp. just $12.99. come into red lobster and sea food differently. and introducing 7 lunch choices for just $7.99. [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. bp has paid overthe people of bp twenty-threeitment to the gulf. billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days
FOX Business
Dec 3, 2012 1:00pm EST
saying they have to raise taxes in order to avoid going over the cliff. rich edson in washington with the latest, rich? >> they are stuck on this offer, which the white house says is less of an offer and the same position the administration staked out in its jobs bill and deficit proposal over the last couple years. half trillion in tax increases or trillion and a half in tax increases, $600 billion in spending cuts, more spending, and a permanent increase in the debt ceiling. on fox news sunday, boehner called that deal a joke. >> just flabbergasted. i looked, and said, you can't be serious? i just never seen anything like it. we got seven weeks between election day and the end of the year. three of those weeks have been wasted with the nonsense. >> okay. you heard them, the first time in two decades now, acknowledge they want revenues up as the balanced plan, a good first steppedded, but they have to say what they do operates and revenues. that's hard for republicans. >> runs of billions of spending cuts, tax increases begin in less than a month, and with the negotiations, two
CNN
Dec 3, 2012 11:00am PST
center, oh, let me guess --ou see this? more washington gridlock. no, it's worse -- look, our taxes are about to go up. not the taxes on our dividends though, right? that's a big part of our retirement. oh, no, it's dividends, too. the rate on our dividends would more than double. but we depend on our dividends to help pay our bills. we worked hard to save. well, the president and congress have got to work together to stop this dividend tax hike. before it's too late. [ "the odd couple" theme playing ] humans. even when we cross our "t"s and dot our "i"s, we still run into problems -- mainly other humans. at liberty mutual insurance, we understand. that's why our auto policies come with accident forgiveness if you qualify, where your rates won't go up due to your first accident, and new car replacement, where if you total your new car, we give you the money for a new one. call... to talk to an insurance expert about everything else that comes standard with our base auto policy. [ tires squeal ] and if you get into an accident and use one of our certified repair shops, your repairs a
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